06-02-2015, 06:12 PM
(06-02-2015, 05:51 PM)michaelsean Wrote: I thought excise tax would be higher now. Tobacco alone, although there are far fewer users which may account for the difference.
No, we relied more heavily on excise taxes in the days of yore. The share of federal revenue made up by excise taxes has been steadily on the decline.
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
